- The unemployment rate in the euro area declined moderately in October.
- EUR / USD is trading with small losses above 1.2050 after the data.
The seasonally adjusted unemployment rate in the euro area fell to 8.4% in October from 8.5% in September, as the data published by Eurostat showed on Wednesday. This digit matched analyst estimates.
“The EU unemployment rate was 7.6% in October 2020, stable compared to September 2020 and higher than 6.6% in October 2019,” the publication read.
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